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    OX2   SE0016075337

OX2 AB (PUBL)

(OX2)
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OX2 : participates in seminars at Pareto Securities and at Carnegie Investment Bank

09/16/2021 | 01:59am EST

OX2's CEO Paul Stormoen will participate in the Pareto Securities' 28th Energy Conference on Thursday 16 September and the Carnegie Cleantech Wind Seminar on Wednesday 22 September.

OX2 continues to see a high activity in all markets where the company operates. So far during the third quarter, OX2 has acquired three new projects for onshore wind power in Sweden, Finland and Poland, as well as a solar power project in Italy, totalling approximately 530 MW.

Following the acquisitions, OX2's project development portfolio amounts to a total of approximately 17.6 GW. Late phase development projects amounted to 2,800 MW per June 30th.

OX2's financial target is to achieve an annual sales volume of projects corresponding to more than 500 MW on average during 2021-2022, more than
1,500 MW on average during 2023-2024, and in the medium term more than 2,000 MW per year.

- During the first half of this year, OX2 has sold projects corresponding to 220 MW, and we are experiencing strong interest in acquiring our wind farms in all markets. The business continues to develop well and in line with previously communicated goals, says Paul Stormoen, CEO of OX2.

CEO Paul Stormoen participates in the following seminars in September:

  • Pareto Securities' 28th Energy Conference
    Thursday, 16 September 2021
     
  • Carnegie Cleantech Wind Seminar
    Wednesday, 22 September 2021

The presentations will be available on OX2.com afterwards.

 

For further information please contact:

Mikael Östlund
Acting Head of Communications OX2
Tel. +46 855 931 011
press@ox2.com

About OX2
OX2 develops and sells wind and solar farms. OX2 has taken a leading position in large-scale onshore wind power over the past 16 years and has developed and sold approximately 2.5 GW in Sweden, Finland, Poland and Norway for clients such as Allianz, Ardian and IKEA. Between 2014 and 2020, OX2 realised more onshore wind power in Europe than any other developer. By constantly increasing access to renewable energy, OX2 is promoting the transition towards a more sustainable future. OX2 has operations in Sweden, Finland, Poland, France, Lithuania, Norway, Spain, Italy and Romania with its headquarters in Stockholm, Sweden. Sales in 2020 was SEK 5,201 million with an EBIT of SEK 416 million. The OX2 share is listed on Nasdaq First North Premier Growth Market. For more information, please visit: www.ox2.com

https://news.cision.com/ox2/r/ox2-participates-in-seminars-at-pareto-securities-and-at-carnegie-investment-bank,c3416094

https://mb.cision.com/Main/1522/3416094/1468890.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 5 067 M 556 M 556 M
Net income 2021 211 M 23,1 M 23,1 M
Net cash 2021 2 414 M 265 M 265 M
P/E ratio 2021 74,1x
Yield 2021 -
Capitalization 15 643 M 1 718 M 1 716 M
EV / Sales 2021 2,61x
EV / Sales 2022 1,99x
Nbr of Employees 256
Free-Float 100%
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Last Close Price 57,40 SEK
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Managers and Directors
Paul Stormoen Chief Executive Officer
Johan Erik Rydmark Chief Financial Officer
Johan Sven Åke Ihrfelt Chairman
Bita Yazdani Chief Operating Officer
Birgit Anna-Karin Celsing Independent Director